Fladgate was delighted to act for Yoo Capital in relation to its joint venture with Astarte for the establishment of Yoo Capital Fund II, LP (YCFII), a London focused opportunity real estate fund targeting a fund size of £400m.
YCFII, which has secured the commitments of institutional investors from across six continents to date, was launched off the back of Yoo Capital Fund I’s £1.3 billion investment into Olympia in partnership with a series of blue-chip institutional investors.
YCFII is the first in a series of funds launched by a partnership between Yoo Capital and Astarte Capital Partners, a global institutional investor specialising in building best-in-class asset management businesses in the real assets space.
Managed by private equity veteran Lloyd Lee, Yoo Capital’s in-house private equity, asset and development management teams, YCFII gives Yoo Capital the opportunity to invest in assets in edge of prime and infill locations, creating institutional-quality mixed use, leisure, healthcare and life sciences real estate assets, predominantly in Central London.
Corporate partner, Marc Sosnow led the Fladgate team and was supported by senior associate, Yulia Leyko.